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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- The aforementioned rebound in new home sales relative to a more sluggish recovery in existing home sales has been supported by the sharper correction in new home prices.
- The median new sale price was down -4.0% Y/Y in June vs -0.9% Y/Y for existing, whilst its decline potentially peaked at -10.4% Y/Y in April compared to -3% Y/Y for existing.
- One important driver is likely higher supply: the 3.1 months of supply for existing sales compares to 4-4.5 at this time of year in pre-pandemic years, whereas new home sales are equivalent to 7.4 months of supply vs 5-6 months in 2017-19.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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